RBB Bancorp (NASDAQ:RBB) Announces Quarterly Dividend of $0.16

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Monday, January 26th. Investors of record on Friday, January 30th will be paid a dividend of 0.16 per share on Friday, February 13th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 30th.

RBB Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years. RBB Bancorp has a payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Analysts expect RBB Bancorp to earn $1.92 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.3%.

RBB Bancorp Price Performance

NASDAQ:RBB opened at $21.57 on Tuesday. RBB Bancorp has a 12-month low of $14.40 and a 12-month high of $22.58. The firm has a market cap of $367.77 million, a price-to-earnings ratio of 14.48 and a beta of 1.08. The company’s 50-day moving average is $21.03 and its two-hundred day moving average is $19.70. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, January 26th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The business had revenue of $32.32 million during the quarter, compared to analyst estimates of $33.23 million. RBB Bancorp had a net margin of 11.12% and a return on equity of 5.10%. Research analysts expect that RBB Bancorp will post 1.63 EPS for the current year.

Wall Street Analysts Forecast Growth

RBB has been the topic of several analyst reports. Piper Sandler raised their price objective on RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods raised their price target on RBB Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of RBB Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, RBB Bancorp currently has an average rating of “Hold” and a consensus target price of $22.33.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.